American Bitcoin Q3 results show $126M profit despite margin pressure

American Bitcoin’s Q3 results showed a return to profit and a larger Bitcoin reserve, even as higher seasonal power costs squeezed mining margins. In its November 4, 2026 earnings release, the company reported approximately $126 million in net income and a roughly 5% increase in Satoshis Per Share, without issuing shares through its ATM program or buying Bitcoin during the quarter. Key takeaways American Bitcoin added approximately 425 Bitcoin to its holdings in Q3 2026. Mining revenue slipped to about $63.4 million as production declined. Higher power costs helped push gross margin down to approximately 41%. Adjusted EBITDA turned positive at approximately $221 million.

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